M&A
confidence high
sentiment neutral
materiality 0.75
PLAYSTUDIOS provides Pixode acquisition financials; Pixode had $4.3M net loss on $107K revenue in 2023
PLAYSTUDIOS, Inc.
- Pixode's audited 2023 revenue $107,544; net loss $4,320,166; accumulated deficit $10.4M.
- Asset sale closed July 1, 2024 for $3.5M cash plus up to $113.5M contingent consideration.
- Pixode had $7.8M current debt and $850K advance subscription agreement as of Dec 2023.
- Pro forma unaudited combined financials filed (details not fully provided in truncated exhibit).